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Tuesday | September 21, 2021
Intel wants $8 billion for a factory in Europe

Intel wants $8 billion for a factory in Europe

The current period has at least one merit: it has made some of our elites understand our dependence on semiconductors from Asia. This situation, which is not new, now seems to be of great concern to the European authorities.

Thierry Breton, European commissioner in charge of industrial policy, internal market, digital, defense and space (no less), has multiplied the declarations of intentions these last days on the subject.

Europe is looking for alliances, Intel for funding

This is a good thing for the new Intel CEO, Pat Gelsinger, who took the opportunity to offer his services in exchange for subsidies during an interview that took place in Brussels in the last few hours. Indeed, the head of Intel, who is making his first tour in Europe, came to confirm that his company is looking for a location for a factory on the Old Continent.

A few days earlier, Stéphane Nègre, president of Intel France, said in an interview with our colleagues at Les Numériques that France was a very credible candidate to host a Fab…

Germans are the first to take the initiative…

However, it seems (once again) that Germany is the country in sight for this implementation. At least if we analyze the steps of the visit of Pat Gelsinger these last hours. He would have met before seeing Thierry Breton, the German Minister of Economy, Peter Altmaier, the leaders of car manufacturers BMW and Volkswagen as well as those of the telecom operator Deutsche Telekom.

Production semiconducteurs

Global distribution of semiconductor production

8 billion Euros requested

To motivate a little more his reflection, the Intel leader finally went to Brussels to finish his visit (and to do the pockets of Europe) with a very precise idea:

“What we’re asking the U.S. and European governments is to allow it (the project) to be competitive for us here versus Asia,” said Pat Gelsinger in a press interview, confirming at the same time that Germany would be a suitable destination for a European factory.

However, it should not be forgotten that in his first speech, Gelsinger highlighted the launch of a new business“Intel Foundry Services“. This is probably the part of the business that will be of interest to the automotive industry, which is also affected by the global shortage of electronic components. In this context, earlier in April, Intel had suggested that it could be a savior by producing electronic chips for car manufacturers in its factories in the very short term. Sites in Israel or Ireland are potential candidates, not a new factory. Chips for the automotive industry do not necessarily require the most advanced engraving processes.

In an ideal world, an association with Intel could allow consumers and the European industry to gain some independence with local production…But that’s in an ideal world.

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Edited by Calliers

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